Biden Says That if a Recession Occurs, , It Will Be ‘Very Slight’.
CNBC reports that on Oct. 10, JPMorgan Chase
CEO Jamie Dimon said the U.S. could be facing
a recession in the next six to nine months.
On Oct. 11, Biden commented on that possibility
in an interview with Jake Tapper on CNN.
Every six months they say this. Every six months, they look down the next six months and say what’s going to happen, President Joe Biden, via CNN interview with Jake Tapper.
It hadn’t happened yet. It hadn’t... I don’t think there will be a recession. If it is, it’ll be a very slight recession. That is, we’ll move down slightly, President Joe Biden, via CNN interview with Jake Tapper.
It’s possible. I don’t anticipate it, President Joe Biden, via CNN interview with Jake Tapper.
While Biden acknowledged that the country does have "real problems," he pointed to legislation his administration has helped to pass.
While Biden acknowledged that the country does have "real problems," he pointed to legislation his administration has helped to pass.
For example, the president says the Inflation Reduction Act has put America in "a better position than any other major country in the world economically and politically.".
For example, the president says the Inflation Reduction Act has put America in "a better position than any other major country in the world economically and politically.".
The ongoing concerns about a possible recession come as rampant inflation has prompted the
Federal Reserve to continue to raise interest rates.
In September, the Fed issued its third consecutive rate hike by three-quarters of a percentage point